The present value of a dollar received n years from now equals ______, divided by ______.
Fill in the blank(s) with the appropriate word(s).
1; (1 + r)n
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The discretionary change of government expenditures or taxes to achieve national economic goals is
A) a direct expenditure upset. B) fiscal policy. C) Ricardian-equivalence theorem. D) supply-side economics.
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for Fruitopia, a soft drink
Which panel describes what happens in the market for Fruitopia when the price of Snapple, a substitute product, decreases? A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
In 2011, the net financial account balance was approximately
A) $790 billion. B) -$790 billion. C) $394 billion. D) -$394 billion.
The poorest regions in the world, as measured by GDP per capita, are:
a. Latin America and the Caribbean. b. the Middle East and North Africa. c. Sub-Saharan Africa and South Asia. d. Australia and New Zealand.